It was announced today that the Federal government was going to sue Standard and Poor's rating services in civil court for their role in the financial collapse. As the Washington Post reports,
the case involves favorable ratings for toxic assets that led to the
financial collapse in 2008 especially revolving around residential
mortgages. This is good news for moving forward on recovery, but it is
not enough. There is no way that we can prevent this from happening
again until we start pursuing the leaders of these titans of the
financial services companies with criminal charges
For more information go here...
Posts reflect the opinion of those who sign the entry.
No comments:
Post a Comment